Making Tax Digital project must be reset, experts tell MPs
Corporate Tax

Making Tax Digital project must be reset, experts tell MPs

8y Andrew Goodall

Making Tax Digital project must be reset, experts ...

Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small bus...

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Making Tax Digital – we're ready with Xero, says MacIntyre Hudson
Accounting Firms

Making Tax Digital – we're ready with Xero, says MacIntyre Hudson

8y Stephanie Wix , Writer

Making Tax Digital – we're ready with Xero, says M...

MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records Read More...

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MTD - yes please, but with major caveats
Accounting Software

MTD - yes please, but with major caveats

8y Idris Nagri

MTD - yes please, but with major caveats

The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technolo...

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Colin: Start-ups want less taxing times...
Business Regulation

Colin: Start-ups want less taxing times...

8y Stephanie Wix , Writer

Colin: Start-ups want less taxing times...

Does Darwin's theory apply to taxation? Colin ponders... Read More...

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UK tax gap falls to 6.5% as HMRC targets dishonest minority
Corporate Tax

UK tax gap falls to 6.5% as HMRC targets dishonest minority

8y Stephanie Wix , Writer

UK tax gap falls to 6.5% as HMRC targets dishonest...

The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today Read More...

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Simplified tax urged to unshackle start-ups to grow, finds major report
Accounting Firms

Simplified tax urged to unshackle start-ups to grow, finds major report

8y Stephanie Wix , Writer

Simplified tax urged to unshackle start-ups to gro...

Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and ...

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European Commission told to draft financial transaction tax by year-end
Business Regulation

European Commission told to draft financial transaction tax by year-end

8y Keith Nuthall

European Commission told to draft financial transa...

The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s ...

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MTD a 'multi-billion pound cost' to SMEs, warns senior practitioner
Accounting Firms

MTD a 'multi-billion pound cost' to SMEs, warns senior practitioner

8y Kevin Reed , Writer

MTD a 'multi-billion pound cost' to SMEs, warns se...

Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief exec...

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HMRC ramps up number premises raids
Corporate Tax

HMRC ramps up number premises raids

8y Richard Crump , Writer

HMRC ramps up number premises raids

HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last ...

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Economic activity carried out in the UK must be taxed accordingly
Corporate Tax

Economic activity carried out in the UK must be taxed accordingly

8y Accountancy Age

Economic activity carried out in the UK must be ta...

Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion Read More...

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Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
Corporate Tax

Top 50+50: Demand for tax advisory services remains high, but fee pressure ...

8y Accountancy Age

Top 50+50: Demand for tax advisory services remain...

The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “...

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Don’t let caution stall the digital tax revolution
Corporate Tax

Don’t let caution stall the digital tax revolution

8y Richard Crump , Writer

Don’t let caution stall the digital tax revolution

While some resistance to change is to be expected, the degree of controversy surrounding HMRC's Making Tax Digital proposals has surprised the governm...

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Friday Afternoon Live: Micro-biz's RTI problems; and value-added services
British Accountancy Awards

Friday Afternoon Live: Micro-biz's RTI problems; and value-added services

8y Kevin Reed , Writer

Friday Afternoon Live: Micro-biz's RTI problems; a...

Kevin Reed discusses the worrying findings from HMRC on micro-businesses' problems handling Real-Time Information, and the latest thoughts on how acco...

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Patent Box claims reach £343m in first year
Corporate Tax

Patent Box claims reach £343m in first year

8y Stephanie Wix , Writer

Patent Box claims reach £343m in first year

Claims for UK Patent Box tax reliefs reached £342.9m in the first year of its existence, official statistics show Read More...

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EU competition head Vestager defends Apple tax ruling
Corporate Tax

EU competition head Vestager defends Apple tax ruling

8y Richard Crump , Writer

EU competition head Vestager defends Apple tax rul...

EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Iri...

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HMRC reports increase in R&D tax relief uptake
Corporate Tax

HMRC reports increase in R&D tax relief uptake

8y Accountancy Age

HMRC reports increase in R&D tax relief uptake

Companies received £2.45bn in tax relief for research and development last year, with claims rising to 22,445, an increase of £675m or 38% on the prev...

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Building company director banned for 7 years for VAT under-declaration
Corporate Tax

Building company director banned for 7 years for VAT under-declaration

8y Richard Crump , Writer

Building company director banned for 7 years for V...

The director of a building firm in West Wales has been disqualified from acting as a director for under-declaring sales on VAT returns. Read More...

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HMRC asset seizures at businesses up 145% in a year
Corporate Tax

HMRC asset seizures at businesses up 145% in a year

8y Richard Crump , Writer

HMRC asset seizures at businesses up 145% in a yea...

The number of businesses whose assets were seized by HMRC in order to settle outstanding debts grew sharply in the last year; up 145%, from 649 in 201...

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The British Accountancy Awards 2016 shortlist revealed
Accounting Firms

The British Accountancy Awards 2016 shortlist revealed

8y Kevin Reed , Writer

The British Accountancy Awards 2016 shortlist reve...

Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards Read More...

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MGI Worldwide calls for small company corporation taxes
Corporate Tax

MGI Worldwide calls for small company corporation taxes

8y AccountancyAge staff

MGI Worldwide calls for small company corporation ...

Small businesses should have lower corporation tax, MGI Worldwide research claims Read More...

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Friday Afternoon Live: Apple Tax; Robot accountants; and the Top 50
Business Regulation

Friday Afternoon Live: Apple Tax; Robot accountants; and the Top 50

8y Kevin Reed , Writer

Friday Afternoon Live: Apple Tax; Robot accountant...

The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed Read More...

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Berkshire motor business VAT fraudsters sentenced
Corporate Tax

Berkshire motor business VAT fraudsters sentenced

8y Richard Crump , Writer

Berkshire motor business VAT fraudsters sentenced

The former owners of a Maidenhead motor dealership who illegally claimed an £86,000 VAT repayment have been sentenced Read More...

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Colin: Apple of my Irish eye
Company News

Colin: Apple of my Irish eye

8y Richard Crump , Writer

Colin: Apple of my Irish eye

Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements Read More...

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EC ruling could force Apple to pay billions of euros over Irish tax arrangements
Corporate Tax

EC ruling could force Apple to pay billions of euros over Irish tax arrange...

8y Richard Crump , Writer

EC ruling could force Apple to pay billions of eur...

A ruling from the European Commission could force Apple to pay billions of euros in back taxes over the company’s tax arrangements with the Irish gov...

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Micro-businesses want more clarity about HMRC’s digital tax plans
Corporate Tax

Micro-businesses want more clarity about HMRC’s digital tax plans

8y Richard Crump , Writer

Micro-businesses want more clarity about HMRC’s di...

Freelancers and micro-businesses still need more information about the government’s plans to make tax digital Read More...

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New dividend tax is anti-business, claims Bishop Fleming
Accounting Firms

New dividend tax is anti-business, claims Bishop Fleming

8y Richard Crump , Writer

New dividend tax is anti-business, claims Bishop F...

New dividend tax is an attack on small business owners and is acting against the best interests of the UK economy, warns Top 50 accountants, Bishop Fl...

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Government looks to close tax loophole on staff benefits
Corporate Tax

Government looks to close tax loophole on staff benefits

8y AccountancyAge staff

Government looks to close tax loophole on staff be...

The Treasury is consulting on how businesses remunerate their staff to assess whether companies are artificially using benefits in kind to avoid tax R...

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